Tuesday 24 March 2015

When IRS Audit Representation Might Be Beneficial

By Lelia Hall


Because taxes are the main funds of a nation, it is important that people comply with their monthly contributions. Individuals are not the only ones responsible for paying taxes. This is also a necessity for businesses and bigger corporations. But errors can sometimes happen. Strict tax compliance are always observed in most countries. And because of these situations, investigations are always are conducted by the IRS to inspect the reports that were filed by the company.

It is true that filing tax reports can be a very confusing task, especially if you have several employees under you or you have a bigger company. Despite using various types of devices, there is a still a chance of making a mistake. And no matter how small it is, it might still be dangerous especially if an audit is happening within the next few days. You will need an agent to help you with IRS audit representation AZ.

These services are known to provide audit defense to their clients. If there is something questionable regarding the reports, they will be there for you to represent you. Their services are considered legal. They can be there to represent you in case you could not be present for the investigation.

Representatives can also be hired even if you do not have any prior activities. People always have a fear for something that is not known yet. The process of the investigation can be dragging and most of the time, it is very confusing. You will need someone who have the knowledge about everything that is happening. This is a good way to keep you informed so that you would know which is the best course to take. You need to take the opportunity to ask your agent about things that are confusing you.

If you notice that there are several mistakes in the reports and you know that this is not intentional, the representative can help explain your perspective and your side of the story. Before the audit starts, they need to see all the related documents, you should provide it to them. This way, they will know your current predicament and review these things if something is wrong.

Depending on the amount of reports that have to be reviewed, the investigation process might take longer than you expected. Because these audits have a system that they need to follow, there are also phases for the process. If you are confused about all of this, you can simply ask your agent about which part of the audit they are already in.

There are documents that you need to sign right after the investigation. You have the choice to sign it or to make an appeal regarding the result. Most of the time, appeals are done when the results are not favorable for you and the company.

You have two choices if you choose not to hire someone. You will have to be present every time they request for you. And the second one would be to put everything in writing. Whatever your response would be will be put into documentation. But the writing option would make the entire process even more dragging.

You have the choice of sending in a support for the representative. The ideal person would be your personal accountant. It is easier for them to understand each other since they are working in almost the same field. With the two of them, you can surely yield favorable results.




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